The vehicles propellors on the end of its compact wings tilt to allow for varying lift and thrust, and it has an emergency parachute if things go wrong.

The concept for the new vehicle is certainly an enticing one although the thought of countless personal vehicles taking off and landing all over the place is going to have to be accompanied by a huge rethink in civil aviation laws.

Even Terrafugia admit development is expected to last 8-12 years, but if you're confident in your need for such a machine you can already reserve one at their website.